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Some surprising innovations made possible through new knowledge include the creation of the Internet, LCD TVs, electric-powered vehicles, and the ability to market through social media. These innovations were not possible until new knowledge was discovered and applied. The Internet, for instance, was made possible through advancements in technology and understanding of data transmission. LCD TVs and electric vehicles were made possible through advancements in display technology and energy storage respectively. Social media marketing became possible with the advent of social media platforms and understanding of their potential for business.
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Staying abreast of research and studies, whether it's from the scientific community or market observers, is one of the best tools for discovering innovation opportunities. The technology that helped create the Internet came from the new knowledge that was simply not available until someone discovered it and put it to use. New knowledge isn't just relevant in the technology industry; it reveals ways to improve processes, services, and most other aspects of the business. Products like LCD TVs and electric-powered vehicles, or the ability to market through social media wouldn't be possible without new knowledge.
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Take the mystery out of entrepreneurship and innovation with this book. The author provides a series of case studies to demonstrate that the best inno...
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Need a business plan for projections and scenario plans? Forecast new product lines or price strategies for subscription, ads, or product-based revenue models for any business type - not just mobile apps. Accounts for CapEx, overhead, and sales and marketing.
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